Tropical Battery Q1 Dec 2020 Profit Up +26.2% To $19M

Tropical Battery Q1 Dec 2020 results out

❌Company hit with inventory delays from their major battery suppliers which created shortages and slowed top line sales (global battery supply problem)

❌Revenue of $451 million or 9.5%?last year due to supplier shipment delays

✅Profit after tax was $19 million, ⬆️by 26.2%?
✅Gross profit margin of 30.9% above last year’s 30.1%
✅Expenses?6.4% to $104m
✅Big growth seen in Tyre?️sales jumping from $2.8m to $6.5m. +124%
✅Cash?37%
✅$36m invested in stocks, another $16m in Derrimon APO